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Anthropic AI tool wipes $285 billion from US markets
Anthropic’s AI launch sparked a selloff in US markets, erasing nearly $285 billion in software sector value.
US markets saw a sharp selloff after Anthropic’s new AI tool triggered fears of disruption across software companies, wiping out nearly $285 billion in market value. Technology and SaaS stocks led losses as investors reassessed growth and pricing power. Analysts warned that rapid AI adoption could compress margins and reduce enterprise software demand, increasing volatility while companies adapt business models to remain competitive